What is a DAO?
A DAO, or Decentralized Autonomous Organization, is a community-led entity with no central authority. It is fully autonomous and transparent; smart contracts lay the foundational rules and execute the agreed-upon decisions, proposals, and voting. The Kokonut DAO is the core vehicle for all fundraising, reward distributions, and governance decisions.How do I join Kokonut DAO?
We have created a YouTube channel with desktop PC and mobile phone playlists to guide you through the sign-up procedure.Do members share ownership of the property?
No, Kokonut DAO members own the upside derived from projects the DAO decides to fund, as long as they hold their DAO tokens. Each governance token is backed 1:1 with a real coconut plant.What happens if the crypto market goes down?
Kokonut Network is unaffected by the crypto market because the Kokonut DAO only receives tributes in stablecoins.What will the governance look like?
We have created a detailed Governance Framework on how decisions and operations work within Kokonut DAO instances.Aren’t NFTs & Tokens bad for the environment?
It depends on which blockchain you use. Kokonut DAO lives in the Gnosis Chain. Based on 2020 energy reports, the network consumes the same amount as two households in the USA.For example, Visa uses the same amount of energy as ~42,000 family homes to operate its network each year.
What is the long-term plan?
Once the plants have reached the end of their useful life, we will replace them with new ones, thus restarting the production cycle; a coconut plant can last for up to 20 years in optimal productive conditions.Why Blockchains?
Kokonut Network leverages blockchain for transparency, governance & member protections.Where is the project located? Can I visit?
Yes, visitors will be authenticated using a Blockchain wallet and issued a DAO Member or Guest Pass. Our initial set of project locations is in the Dominican Republic.How do we track Kokonut DAO transactions?
Visualize & track the inflows & outflows at Kokonut DAO vaults.Who has control over Kokonut DAO?
DAOs don’t have any admins or trusted intermediaries. All decisions are via proposals, which execute directly against the treasury or vaults using smart contracts.How many tokens do I need to participate in governance?
The minimum amount of tokens needed to participate in governance is 1 Kokonut DAO Voting token.How can I join the Kokonut Ecosystem?
We are here to help you with the process and have enabled a few channels where you can get in direct contact with us.- Email us at [email protected]
- Follow us on Social media: Discord, Twitter, Facebook, and Instagram.
- Let’s chat: https://link.kokonut.network/meeting